First Trust Advisors LP Boosts Position in Fair Isaac Co. (FICO)

First Trust Advisors LP boosted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 244.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,243 shares of the technology company’s stock after purchasing an additional 49,846 shares during the period. First Trust Advisors LP owned about 0.24% of Fair Isaac worth $16,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Hawaiian Bank acquired a new position in shares of Fair Isaac in the third quarter worth about $155,000. Flagship Harbor Advisors LLC acquired a new position in shares of Fair Isaac in the second quarter worth about $192,000. Meridian Investment Counsel Inc. acquired a new position in shares of Fair Isaac in the second quarter worth about $203,000. Bowling Portfolio Management LLC acquired a new position in shares of Fair Isaac in the second quarter worth about $204,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Fair Isaac in the second quarter worth about $205,000. Institutional investors own 84.39% of the company’s stock.

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In related news, Director David A. Rey sold 7,374 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $215.38, for a total transaction of $1,588,212.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James M. Wehmann sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $190.60, for a total transaction of $1,906,000.00. Following the transaction, the insider now owns 99,726 shares of the company’s stock, valued at approximately $19,007,775.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,868 shares of company stock valued at $25,252,220. Insiders own 5.60% of the company’s stock.

Shares of Fair Isaac stock opened at $196.33 on Friday. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 45.24, a PEG ratio of 4.08 and a beta of 1.43. Fair Isaac Co. has a fifty-two week low of $150.56 and a fifty-two week high of $241.10. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.80 and a quick ratio of 0.84.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.13). Fair Isaac had a return on equity of 45.11% and a net margin of 13.79%. The company had revenue of $279.80 million for the quarter, compared to analyst estimates of $272.70 million. During the same quarter last year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that Fair Isaac Co. will post 4.89 earnings per share for the current year.

A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. ValuEngine upgraded shares of Fair Isaac from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 2nd. Finally, Wells Fargo & Co upped their price objective on shares of Fair Isaac from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Fair Isaac presently has a consensus rating of “Hold” and an average price target of $208.50.

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